I got a call today from a buyer, a savvy buyer who is looking to purchase apartments in Kansas City . I talked with her at length, her goal is to own less than 5 years and liquidate to move up. Currently looking for about a twelve unit property of more, her goal is to leverage.
Good strategy, moving up is a great plan, so I am looking for about twelve units in the KC market that will provide upside potential. None of the usual over-inflated rent rosters, none of the "projected" income crap that I see everyday. If you have a small multifamily property that fits this criteria, give me a call 816-313-8876.
She mentioned the Northeast Kansas City area, Northeast Kansas City is a diverse, complicated market. There are areas of intense crime, drugs and prostitution are a real issue. We have managed several properties in Kansas Cities Historic Northeast District. We still manage a few apartment complexes there and many homes. Northeast Kansas City also has a very active culture of involved citizens who care about their neighborhood and several very active neighborhood associations.
Independence Avenue has been known for drugs a prostitution for decades, there seems to be little effort to change that. However comprehensive, involved property management can make a difference in a neighborhood and in a properties value.
We have our staff trained by the Kansas City MO. Police Department in Crime Free Multi-Housing. We know how to make a property in a troubled area succeed and prosper. There are good people who need affordable housing, you just have to find a way to weed out the creeps.
So if you have a small multifamily property in KC that you are interested in selling call Ben at Turn-Key Properties LLC at 816-313-8876 and tell me about it I may have a buyer.
Ben Edsall
Broker-Accredited Residential Manager
Turn-Key Properties LLC
816-313-8876